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December 15, 2017MANUFACTURING SHIPMENTS, OCTOBER 2017 **CORRECTION - an earlier version of the DailyStats reported incorrect charts for manufacturing shipments by province.**
Nova Scotia
Nova Scotia’s seasonally adjusted manufacturing shipments increased 6.2% in October 2017 to $728 million, and increased 10.7% over October 2016.
For the first ten months of the year (January-October), seasonally adjusted manufacturing shipments are 3.5% higher in 2017 than in 2016.
Unadjusted year-to-date (Jan-Oct), all shipments are up 3.7% (+$249 million):
- non-durable shipments account for 65% of manufacturing shipments in 2017 and increased 4.0% over the same period last year.
- Plastic and rubber shipments, with a 20% share, are up 14.8%,
- Beverages and tobacco, with a 2% share, are up 1.1% and
- Food manufacturing, with a 28% share, are down 3.5% over the same period last year.
- durable goods manufacturing accounts for 35% of shipments in 2017, increased 3.2%.
- Wood products, with a 6% share, are up 3.7%,
- Non-metallic mineral products, with a 2% share, are up 2.0%,
- Fabricated metal products, with a 4% share, are down 4.0%,
- Machinery products, with a 2% share, are down 16.5%, and
- Computer and electronics, with a 2% share, are down 3.3%, over the same period last year.
Canada
Canada manufacturing sales were down 0.4% to $53.5 billion in October 2017, and are up 4.3% above last year. Compared to September 2017, overall sales fell in 8 of 21 industries as durable goods decreased 0.9% and non-durable goods increased only 0.1%.
The sales decrease was led by declines of 5.0% to $9.7 billion in the transportation equipment industry. Sales were also down in chemical (-1.1%) and machinery (-1.4%).
Lower sales were partially offset by increases in petroleum/coal (+2.2%) and wood product (+3.4%) industries.
Inventory levels increased in October 2017 to $74.8 billion. The Inventory to sales ratio increased from 1.37 to 1.40. Unfilled orders were increased to $87.3 billion, and new orders increased 5.3% to $55.5 billion over September 2017.
Provinces
Manufacturing sales were up in four provinces in October 2017. Nova Scotia had the largest month-over-month growth at 6.2%.
On a year-over-year basis (seasonally adjusted), manufacturing shipments are up 4.3% in Canada, with eight provinces recording positive year-over-year growth. New Brunswick (+25.2%) and Newfoundland and Labrador (+21.4%) reported the fastest growth. Nova Scotia's manufacturing shipments increased 10.7% over October 2016.
On a year-to-date basis, manufacturing shipments growth (seasonally adjusted) was positive in all provinces. Canada reported +6.0% growth compared with the first ten months of 2016. The largest gains were reported in Newfoundland and Labrador (+28.2%), with notable gains in New Brunswick (+12.7%), Saskatchewan (+12.9%) and Alberta (+13.7%). Nova Scotia's manufacturing shipments were up 3.5%.
Statistics Canada Manufacturing Shipments October 2017 and CANSIM 304-0015 and 304-0014
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